Market Recap: Geospace Technologies Corp (GEOS)’s Negative Momentum%, Closing at $12.81

Kiel Thompson

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

The closing price of Geospace Technologies Corp (NASDAQ: GEOS) was $12.81 for the day, down -25.90% from the previous closing price of $17.28. In other words, the price has decreased by -$25.90 from its previous closing price. On the day, 0.93 million shares were traded. GEOS stock price reached its highest trading level at $16.07 during the session, while it also had its lowest trading level at $12.77.

Ratios:

Our analysis of GEOS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.36 and its Current Ratio is at 3.62. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In the most recent recommendation for this company, Singular Research on July 24, 2018, initiated with a Buy rating and assigned the stock a target price of $17.25.

On August 24, 2015, Cowen reiterated its Market Perform rating and also upped its target price recommendation from $40 to $12.

Furey Research Partners reiterated its Buy rating for the stock on May 09, 2014, while the target price for the stock was revised from $140 to $75.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GEOS now has a Market Capitalization of 164169088 and an Enterprise Value of 138805088. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 1.253 whereas that against EBITDA is -24.123.

Stock Price History:

The Beta on a monthly basis for GEOS is 0.69, which has changed by 0.18173432 over the last 52 weeks, in comparison to a change of 0.1028198 over the same period for the S&P500. Over the past 52 weeks, GEOS has reached a high of $29.89, while it has fallen to a 52-week low of $5.51. The 50-Day Moving Average of the stock is -43.22%, while the 200-Day Moving Average is calculated to be -4.45%.

Shares Statistics:

GEOS traded an average of 212.20K shares per day over the past three months and 283160 shares per day over the past ten days. A total of 12.82M shares are outstanding, with a floating share count of 11.76M. Insiders hold about 8.28% of the company’s shares, while institutions hold 54.94% stake in the company. Shares short for GEOS as of 1761868800 were 806430 with a Short Ratio of 3.80, compared to 1759190400 on 740348. Therefore, it implies a Short% of Shares Outstanding of 806430 and a Short% of Float of 7.8099996.

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